Medical Electronics Market Worth 122 Billion USD by 2026
The Medical Electronics market size is expected to be worth around Us$ 122 billion By 2026, With projected to the growth of 6% CAGR over the forecast time frame 2019-2026. In Medical Electronics Market, The regional segmentation includes current and projected demand in North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
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Benefits connected with the use of medical electronic technologies include distant accessibility of health information, accurate accounting method, enhancement of health care quality, increased precision of production, simple updating of patient documents, and increased patient experience. Rapid progress in IT and increased awareness of health care has increased the reach for the industry for medical electronics. Moreover, progress in awareness of health care and information technology also contribute to the market growth. Growth in the industry for medical electronics influences multiple demographic trends such as increased portability of complicated surveillance and imaging devices, increased home medical electronics machinery, and functional integration of applications and appliances into network and wireless technology. In addition, variables such as enhanced market penetration of mobile medical systems, growing trend of distant patient surveillance, and wide accessibility of digital parts such as memory instruments, screen systems, and microcontrollers are anticipated to generate development possibilities in medical electronics industry. New medical electronics systems are appearing in healthcare with advances in technology, which is also anticipated to increase development in the industry for medical electronics.
End Use Segment Analysis
In 2018, the segment of hospitals accounted for over 40 percent and is expected to have a substantial proportion of income over the forecast period. The amount of hospital visits has increased with the growing incidence of cardiovascular diseases and respiratory infections in the geriatric population. In advanced as well as emerging nations, hospitals covered by the public healthcare system are well equipped with highly efficient medical electronic systems that are expected to stimulate segmental development in the coming years.
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Medical Electronics Market By Application (Imaging, Therapeutics, Patient Monitoring, Homecare/Handheld Products), By End Use (Hospital, Ambulatory Surgical Centers, Clinics) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
Regional Outlook
North America is projected to maintain the largest market share in a medical electronics market as a significance of improved healthcare infrastructure in this region majorly driven by the United States. Moreover, advancement of medical technology drives growth in the medical electronics industry in North America. Some of the other factors that increase the industry's growth for medical electronics are technological innovation and portability with other medical equipment. In addition, high patient understanding of the benefits of early diagnosis will boost demand for medical electronics during the forecast period. Besides, developed infrastructure combined with hi-tech diagnostic technology access will have a positive impact on regional development in the years to come.
Asia-Pacific is the fast-growing medical electronics sector owing to the growing urbanization in emerging nations such as India and China, also increasing investment by major players is anticipated to grow the market is speedily over the forecast period. Furthermore, growing per capita income in this region and growing demand for high-tech healthcare equipment are boosting the medical electronics sector. The medical electronics industry in China has undergone important growth and is anticipated to increase exponentially over the timeframe of forecast. Growing geriatric population is also expected to add to the development of the economy. According to China News Service, the age bracket of 60 years and older had about 241 million individuals by the end of 2017. Most of the older population base suffers from chronic illnesses that increase demand for medical electronics that accelerate the development of the sector.
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Latin America's medical equipment sector is driven by health care infrastructure development and population growth. While variables such as growing individual consciousness of wellness are expected to increase rapidly, in the near future this will assist Latin America achieve momentum. Globally, the Middle East & Africa receives a small share of the medical machinery industry. However, the industry is expected to evolve in the near future owing to enhanced purchases by personal players in the Middle East & African nations.
Key Players & Strategies
Major players include in this report are Vucomp; Toshiba Medical Systems Corporation; FUJIFILM Medical Systems; Philips healthcare McKesson Corporation; EDDA technology, Inc; iCAD, Inc.; and Siemens Healthcare; and others.
In order to remain competitive on the market, major businesses are creating tech savvy techniques and introducing new products. Mergers & acquisition and novel item trends are other competitive policies. In order to achieve efficient leadership, resource mobilization, and greater development, GE Healthcare and Wipro inked collaboration.
Market Segmentation
Medical Electronics Market By Application
- Imaging
- Therapeutics
- Patient Monitoring
- Homecare/Handheld Products
Medical Electronics Market By End Use
- Hospital
- Ambulatory Surgical Centers
- Clinics
Medical Electronics Market By Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
- What is the overall structure of the market?
- What was the historical value and what is the forecasted value of the market?
- What are the key product level trends in the market?
- What are the market level trends in the market?
- Which of the market players are leading and what are their key differential strategies to retain their stronghold?
- Which are the most lucrative regions in the market space?
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Pure Cashmere
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Medical Electronics Market By Application
1.2.2.1. Global Medical Electronics Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.2.2. Global Medical Electronics Market Revenue Share By Application in 2017
1.2.2.3. Imaging
1.2.2.4. Therapeutics
1.2.2.5. Patient Monitoring
1.2.2.6. Homecare/Handheld Products
1.2.3. Medical Electronics Market By End Use
1.2.3.1. Global Medical Electronics Market Revenue and Growth Rate Comparison By End Use (2015-2026)
1.2.3.2. Global Medical Electronics Market Revenue Share By End Use in 2017
1.2.3.3. Hospital
1.2.3.4. Ambulatory Surgical Centers
1.2.3.5. Clinics
1.2.4. Medical Electronics Market By Geography
1.2.4.1. Global Medical Electronics Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Medical Electronics Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Medical Electronics Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Medical Electronics Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Medical Electronics Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Medical Electronics Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2017
CHAPTER 4. MEDICAL ELECTRONICS MARKET BY APPLICATION
4.1. Global Pure Cashmere Revenue By Application
4.2. Imaging
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Therapeutics
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Patient Monitoring
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Homecare/Handheld Products
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. MEDICAL ELECTRONICS MARKET BY END USE
5.1. Global Pure Cashmere Revenue By End Use
5.2. Hospital
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Ambulatory Surgical Centers
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Clinics
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA MEDICAL ELECTRONICS MARKET BY COUNTRY
6.1. North America Medical Electronics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Medical Electronics Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Medical Electronics Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 7. EUROPE MEDICAL ELECTRONICS MARKET BY COUNTRY
7.1. Europe Medical Electronics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Medical Electronics Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC MEDICAL ELECTRONICS MARKET BY COUNTRY
8.1. Asia-Pacific Medical Electronics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Medical Electronics Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA MEDICAL ELECTRONICS MARKET BY COUNTRY
9.1. Latin America Medical Electronics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Medical Electronics Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA MEDICAL ELECTRONICS MARKET BY COUNTRY
10.1. Middle East & Africa Medical Electronics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East & Africa Medical Electronics Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Vucomp
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Toshiba Medical Systems Corporation
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. FUJIFILM Medical Systems
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Philips healthcare McKesson Corporation
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. EDDA technology, Inc
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. iCAD, Inc.
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. Siemens Healthcare
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Others
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
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